Converting Temporary Term Coverage into Permanent Coverage

Did you know?

All Term Life Express policies issued on or after May 1, 2014 automatically included a conversion privilege. This allows clients to convert their term policy to permanent coverage any time after the second policy year, without providing evidence of insurability.

Take a look at this sales idea to see how converting a temporary Term Life Express policy into a permanent Indexed Universal Life Express policy may benefit your client.

And, as an added bonus, you can get 50% of the new business compensation if the Term Life Express policy is converted in policy years 3 through 5, and 100% of new business compensation if converted in policy years 6 and beyond.

Learn more about IUL Express at www.mutualofomaha.com/simple.